Calix Inc (CALX)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | 25,585 | 48,610 | 73,056 | 35,869 |
| Interest expense | US$ in thousands | — | 9,704 | 2,009 | 402 | 1,585 |
| Interest coverage | — | 2.64 | 24.20 | 181.73 | 22.63 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $—K ÷ $—K
= —
Calix Inc's interest coverage ratio, which measures the company's ability to meet its interest obligations, has shown significant fluctuations over the years. In December 31, 2020, the interest coverage ratio was robust at 22.63, indicating that the company's operating income was sufficient to cover its interest expenses approximately 22 times over.
By December 31, 2021, Calix Inc's interest coverage ratio improved significantly to 181.73, reflecting a substantial increase in its ability to pay interest expenses. This sharp increase suggests that the company's profitability and cash flow generation improved significantly, providing a strong cushion to cover its interest costs.
However, in December 31, 2022, the interest coverage ratio declined to 24.20, although still at a healthy level. This decrease could be a result of various factors such as changes in interest rates or the company's operating performance.
By December 31, 2023, the interest coverage ratio dropped significantly to 2.64, raising concerns about the company's ability to meet its interest obligations comfortably. A lower interest coverage ratio indicates that the company may be facing challenges in generating sufficient income to cover its interest expenses.
As of December 31, 2024, the data indicates that the interest coverage ratio is not available (denoted as "—"), making it difficult to assess the company's current ability to cover its interest payments.
Overall, Calix Inc's interest coverage ratio has displayed fluctuations over the years, with periods of strong coverage followed by declines. It is important for investors and stakeholders to monitor this ratio closely as it provides insights into the company's financial health and ability to manage its debt obligations effectively.
Peer comparison
Dec 31, 2024